Stand alone building with first floor commercial space on Broadway!

Retail-Commercial for Sale
Catylist Listing ID: 30498905
Property Subtypes: Free-Standing Building, Mixed Use, Parking Facility, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 4,200 SF
Gross Building Area: 5,580 SF
Gross Land Area: 3,920 SF
Sale Price: $550,000
Unit Price: $130.95 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 4,200 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/29/2019

Overview / Comments

High Visibility, High Traffic, PRIME location on Broadway. This free-standing property, Zoned C-2, on one of the busiest sections of East Broadway. Located just 2 blocks from the new Paristown Development and Launch Louisville. Exciting things are happening on Broadway! Alley behind the building offers private parking.

The first floor currently has a commercial storefront occupying approx. 900 SF of space, with endless potential, and approx 650 SF of additional space currently used as storage.
The property features a fully appointed second floor apartment for an owner occupied business or extra income.
There is approx 1380 SF of space on the 3rd floor, that is currently used for storage. The building has a basement with available storage space.

The renovations on the 2nd floor loft area include a Full Bath/Shower, Anderson Windows, the Mechanical and Electrical have been updated, as well as updated plumbing. All around excellent investment opportunity.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Zoning: C-2 - Commercial District
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Broadway/Shelby
Property Visibility: Excellent
Largest Nearby Street: Broadway
Feet of Frontage: 25
Highway Access: 1 mile from I65, I64, & I71 interchange
Airports: Louisville International
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 2,100 SF
Property Condition: Good
Year Built: 1890
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 6
Parking Type: Surface
Parking Description: Parking accessed from alley behind building
Heat Type: Natural Gas
Heat Source: Heat Pump
Air Conditioning: Engineered System, Window Unit
Lot Frontage: 25
Lot Depth: 160
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PARCEL NUMBER016K00020000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,683 135,430 323,208
Median Age: 35.38 36.14 37.3
Households: 9,446 60,848 140,393

Contact

Photograph of Listing Agent

Shelly D Stoyell

PCS Real Estate KCREA Member
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